The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-09-05
Apsn rs ana mars.


The semi.annusl meeting oil the
National Association OF General Pas
senger and Ticket Agents will be held
at st. Paul, Mimi, on September Goth.
The nine,y-nine year lease Of the
Union Pacific track from Topeka to
Kansas to the Chicago, Kansas and
Nebraska Rock lsland) railroad has
been perfected.
THn number OF miles OF railroad
laid from January LIST 10 September
LIST, Is 8i82. There were 1000 miles
completed last year. The rspidity OF
the com pletion OF roads projected this
year bids fair TO excetd 10000 miles.
President THOMAS, OF the Nashville
ard Chattanooga road, refuses to let
the engineers, fremen, conductors
and eeclion agents on his road 20 be-
fore the committee appointed by the
Legislature Of Alabama, now In SEES
sion at Birmingham, to examine the
eyesight OF such employees. The act,
as passed by the Legislature, provides
that the employees Of every road pass.
Ing through the State shall DO 10 ex.
amined. Az q result OF the commit
tees work, quite lumber OF the
most experienced conductors on the
Louisville aud Nashville and the
Memphis and Charleston roads have
been thrown out Of employment, aud
there is much dissatisfaction with the
committee.
Tax Philadelphia Public Ledger Of
today will contain the following edi-
torial: $50 great has been the appre-
hension for several months about
everything relating TO the Diltlmore
aud Ohio railroad MANAGEMENT that
chs street and the newspapers have
been almost constantly occupied with
iumop Of every description, AMI go
wide spread was the dlstrust that II
was not surprising that even some
very patent improb,bilitIes and alb.
eurditI,s gained q considerable share
OF belief. The day for such rumore
should be over now. There are no
hidden parties 10 the syndicate which
has undertaken 10 strsighien out the
Baltimore and Ohio's embarrassed
finances and 10 put them sgain In the
strong position they formerly ocou.
pied. There are no secret articles In
the preliminary agreement. The re-.
pert that the Pennsylvania Railroad
Company is q party 10 the negotis.
tons In entirely without foundation
In fact, that company 10 not rarty and
has no interest In the agreement X.
cept a. part Of tho general public.
The syndicate 10 composed exclusively
oil the banking houses named In Bat.
urdayb Publication. upon authority
Of Dfexel, Morgan 4 %. and Drexel
n Go. No other parties are coneeIn1d
In TIE negotiation either directly or
indirectly, and none other have any
interest In the syndicate. II 10 the
purpoBe Of the syndicate, % far as the
influence Of lite members can reach,
20 msnsgs the eHalrH Of tho Baltimore
and Ohio Railroad Company 20 a. 10
promote lie best intefenis, uninilu.
enced by the interests OF any other
corporation, company or individual"
THE following statements are from
advance sheets Of Poor's Manual Of
Railway for 1887: The number OF
miles Of Tailrosds constructed In
the United S Atss In 1885 wa
5000, the aggregate mileage ior
the whole country completed nj
the e'oeo Of the year being 37,0S6
the ra'e ni inerese8 during the year
being rs per cent. The mileage, not
Including tho elevated roads, from
which returns Of earnings aud traffic
operators for the pist year were 70.
oelyeI equallod l25,li7 miles, against
l23,ll0 miles for 1885 The share
capital Of all the railroads making 70.
turns, including the elevated railroads,
IqnAll,d % 900 sos sos, against t3,si7,,
N,s32 Tor 1885; their funded debts
tS,sS2,9b5. $50, against f3.705, 727 .06C
Tor 1885; tteif uniunded debt. $3.50.
6is.sli, against 1859, los. 2sl for 1885
The amount Of share capital and In.
debtedness for all the com
panlss for 1885 tqusllsd ss,le5,
1852, against $3.50. 633, l7l
for 1885. the increase tqualilns
tS2O,6l6,473, The rate a iucreaie beips
about 400 per cent. The earning,
rom ifesht eQualltd $3.50, $3.50 O5l
nom passengon, t2ll,920,Sb7: from
miscellaneous slurces, $50, pO3,03
The operating 81 lensee VI all tbs road
Tor the year equalled 1924 $50 33i, The
ne, earnings being 1921 81 ,6l5. Tn,
gross eNuiogs upon the entire capita
Invested exceeded 10 per cent IA,
net nearly gquallsd 3 3 per cent. tn,
amount OF Interest paid the past yea
egualed ilSg,036, 30i, against 1851 .i2B.
0S5 Tor 1885 OF dIvidCnis, tsl,t5i. Igs
against az G72, l05 Tor 1885. he Der
oeniege a Interest raid on the iunde,
debts II The companion the ta,i yes
tqualcd 10 PEI cent, against 4 ~ pa
cent. iof 1884 The percentage Of div.
dends paid 10 whole share capita
equsled . "a per cent ngaiubt 9 O2 pe
cent. for 1885 The canning pef mil
oils ~ operated the pest year tqualls,
1850, aRaipHt $780, per milo for 1855
the inoroEse per mile ,qualiing i3li
the rate q inefeaie per mile belu
40 per cent.